Cf. Rachel Donadio Greece and Italy Seek a Solution from Technocrats NYTimes (Nov. 10, 2011).
The dynamic evidence page
Friday, November 11, 2011
False Austerity
Hasn't it been clear for some time that the Greek-style austerity program replicates the mistakes of international lending institutions of the 1960s and 1970s? Those were false austerity programs that ultimately did little except to produce downward spirals of economic activity. Growth of the underlying economy of countries such as Greece and Italy (and the U.S.) simply simply has to be part of any defensible austerity program.
Cf. Rachel Donadio Greece and Italy Seek a Solution from Technocrats NYTimes (Nov. 10, 2011).
&&&
The dynamic evidence page
Cf. Rachel Donadio Greece and Italy Seek a Solution from Technocrats NYTimes (Nov. 10, 2011).
The dynamic evidence page
Subscribe to:
Post Comments (Atom)
1 comment:
That being said, one thing we should have learned from recent stimulus programs is that it is very important for the government to spend stimulus money in efficient ways and in ways that will encourage government growth. The use of stimulus money to fatten patronage mills is not the ticket to success.
Post a Comment